IFG acquires Exelto to expand its PP production line

It is the largest supplier of coloured polypropylene staple fibre to the European market and also the largest supplier of coloured polypropylene to the US automotive market.

IFG’s acquisition of Exelto is part of its long term strategy for profitable growth and the company plans to use its position as the technical leader in polypropylene fibre production to build on Exelto’s highly efficient lass fibre production lines.

IFG also consists of the UK’s Drake Extrusion Ltd., and Austria’s Asota, along with Drake Extrusion Inc. in the US. In the floor coverings industry its fibres are used extensively in tufted and woven products as well as needle punched nonwovens, as wall as in automotive, concrete, textiles and home furnishing products.